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MedMira Inc V.MIR

Alternate Symbol(s):  MMIRF

MedMira Inc. is a Canada-based developer and manufacturer of Rapid Vertical Flow (RVF) diagnostics. The Company's tests provide hospitals, labs, clinics and individuals with instant disease diagnosis, such as human immunodeficiency virus (HIV), syphilis, hepatitis, and SARS-CoV-2, in three steps. The Company is engaged in the business of research, development and manufacturing of rapid diagnostics and technologies. Its research is focused on specific areas of the broader diagnostics market, namely the rapid, point-of-care, and in vitro sectors. Its tests are sold globally under the REVEAL, REVEALCOVID-19, Multiplo and Miriad brands. Based on its patented Rapid Vertical Flow Technology, the Company's rapid HIV test has regulatory approvals in Canada, the United States, China and the European Union. Its manufacturing facilities are located in Halifax, Nova Scotia, Canada. It provides access to its RVF Technology for researchers, developers, and biotech companies on a license basis.


TSXV:MIR - Post by User

Bullboard Posts
Comment by Nathaniel13on Oct 08, 2020 9:19am
225 Views
Post# 31685628

RE:Reasons to be excited about Medmira

RE:Reasons to be excited about MedmiraGreat comments, thanks for these.

I just wanted to point out that in terms of sales and manufacturing, while we don't know these level yet, we do know that MIR and Webb are aiming for US production of these test, as previously and currently stated on their webpages. This is likely to come following the EUA. Also, while the MLA's visit indicated that MIR was producing about 20,000 kits per month, later correspondence with the CFO indicated that these numbers could be substantially higher and that MIR did not wish to disclose its exact production ostensibly due to competition. It is also known that MIR has been procuring automated production machines that could, once implemented, significantly increase production. We also know that this product is currently being sold in the US under the FDA regulations.

I am very proud to be part of this story as an investor, particularly given the chance that MIR could play a key role in the fight against CV-19. Hermes Chan has been previously recognized for his contributions to science and medicine and this is well deserved. Good things to come from the little Canadian East Coast company.
Bullboard Posts